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Multi-asset funds are proving very popular with investors. They now make up an
estimated 11 per cent of the entire UK funds market, with more money coming
in every month. In the 12 months to the start of December 2013, there was a
net inflow of £10.8 billion into these funds, according to Lipper, the fund
research group.

There is no precise definition of what they are and no single sector to which
they all belong. This makes it difficult to examine them as a single group
or obtain accurate performance figures.